Amazing visit to the larges Bitcoin Mining farms in Iceland!!https://youtu.be/A7NhfuIdy8QWow Guys! Genesis Mining showed me around on their mining farms. It was really Impressive! And there is more to come.. Right now they are building even more farms!

Enjoy the video,

Vic!

Nice video, I heard that the hash for bitcoin is out of stock. Any update about this?

I really want to invest here but I'm waiting for bitcoin hash. Regards

I am waiting for that to, I am hoping on a extra pre-sale. Gonna try to find out for you oke?

You guys think that there will be any profit from up coming contracts seemed like with prices was skyrocketing the was some actual profit. I just wonder with these lower prices BTC and other are having.

Amazing visit to the larges Bitcoin Mining farms in Iceland!!https://youtu.be/A7NhfuIdy8QWow Guys! Genesis Mining showed me around on their mining farms. It was really Impressive! And there is more to come.. Right now they are building even more farms!

Enjoy the video,

Vic!

Nice video, I heard that the hash for bitcoin is out of stock. Any update about this?

I really want to invest here but I'm waiting for bitcoin hash. Regards

I am waiting for that to, I am hoping on a extra pre-sale. Gonna try to find out for you oke?

Thanks! I got to investment in Ethash and have some problem in allocation of hashpower. At first the allocation selected is bitcoin so I change it to Ethereum and save it. After I refresh the page it go back again to bitcoin. I'm thinking where can I change it because it seems to be in default. What will I do to make my hash to ethereum?

Thanks! I got to investment in Ethash and have some problem in allocation of hashpower. At first the allocation selected is bitcoin so I change it to Ethereum and save it. After I refresh the page it go back again to bitcoin. I'm thinking where can I change it because it seems to be in default. What will I do to make my hash to ethereum?

You have to put bitcoin down to 0%, then Ethereum to 100% and first look before you save it. It doesn't always go right the first time, you have to try several times.

You guys think that there will be any profit from up coming contracts seemed like with prices was skyrocketing the was some actual profit. I just wonder with these lower prices BTC and other are having.

You guys think that there will be any profit from up coming contracts seemed like with prices was skyrocketing the was some actual profit. I just wonder with these lower prices BTC and other are having.

buying a contract you thing the bitcoin price will rise the same or more as the bitcoin mining difficulty.

is wrong. If you make such assumption, it may happen (and likely will) that holding bitcoin would be more profitable than mining it.

If you look at the most recent development, ZetaOS is correct - about the last year bitcoin price growth was bigger then (or equal to) the difficulty. But in the past years the opposite was truth: difficulty was rising faster then bitcoin price. So how this will be in the near future can't be foreseen.

You guys think that there will be any profit from up coming contracts seemed like with prices was skyrocketing the was some actual profit. I just wonder with these lower prices BTC and other are having.

buying a contract you thing the bitcoin price will rise the same or more as the bitcoin mining difficulty.

is wrong. If you make such assumption, it may happen (and likely will) that holding bitcoin would be more profitable than mining it.

Hi! Maybe my message is lost in translation. How about his:Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you counting on the bitcoin price will rise the same or more as the bitcoin mining difficulty.This Difficulty rise can overtake the bitcoin-price growth overtime.

How about his:Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you counting on the bitcoin price will rise the same or more as the bitcoin mining difficulty.This Difficulty rise can overtake the bitcoin-price growth overtime.

Is this more clear?

If you decide between mining and holding, you need to calculate in Bitcoins, not dollars. So if you invest 1 Bitcoin, days-to-ROI is when you recover this 1 Bitcoin back. The price is only relevant when you calculate maintenance costs.

How about his:Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you counting on the bitcoin price will rise the same or more as the bitcoin mining difficulty.This Difficulty rise can overtake the bitcoin-price growth overtime.

Is this more clear?

If you decide between mining and holding, you need to calculate in Bitcoins, not dollars. So if you invest 1 Bitcoin, days-to-ROI is when you recover this 1 Bitcoin back. The price is only relevant when you calculate maintenance costs.

I guess there is a misunderstanding here.

When bitcoin-price is growing, more people are attracted to mine bitcoin, ergo bitcoin difficulty rises.When bitcoin-price is dropping, more people run away from mining, ergo bitcoin difficulty drops also.

So there is a correlation between bitcoin price and difficulty. In the past year both were about the same, or the bitcoin-price-growth was greater then difficulty rise. Due to the fact (as you already mentioned) that maintenance and electricity were calculated in dollars there were less bitcoins mined, but also less maintenance/electricity cost (which is a substantial part), so the netto earnings in bitcoin were about the same. That's why cloud mining was profitable in the last year.

But the situation in the years before were different so it's not possible publish this as certainty for the future; it can be a good or a bad investment. Altcoin mining is a different story: scrypt / ethash / x11 mining difficulty is going skyhigh but prices are following slower so those cloudmining investments were very good and are at this time very very bad.

How about his:Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you counting on the bitcoin price will rise the same or more as the bitcoin mining difficulty.This Difficulty rise can overtake the bitcoin-price growth overtime.

Is this more clear?

If you decide between mining and holding, you need to calculate in Bitcoins, not dollars. So if you invest 1 Bitcoin, days-to-ROI is when you recover this 1 Bitcoin back. The price is only relevant when you calculate maintenance costs.

I guess there is a misunderstanding here.

When bitcoin-price is growing, more people are attracted to mine bitcoin, ergo bitcoin difficulty rises.When bitcoin-price is dropping, more people run away from mining, ergo bitcoin difficulty drops also.

So there is a correlation between bitcoin price and difficulty. In the past year both were about the same, or the bitcoin-price-growth was greater then difficulty rise. Due to the fact (as you already mentioned) that maintenance and electricity were calculated in dollars there were less bitcoins mined, but also less maintenance/electricity cost (which is a substantial part), so the netto earnings in bitcoin were about the same. That's why cloud mining was profitable in the last year.

But the situation in the years before were different so it's not possible publish this as certainty for the future; it can be a good or a bad investment. Altcoin mining is a different story: scrypt / ethash / x11 mining difficulty is going skyhigh but prices are following slower so those cloudmining investments were very good and are at this time very very bad.

I'm still waiting on my final XMR payout. its been weeks since I opened a ticket, got a initial automated response and nothing since. I had this problem when I was trying to get my final ETH payout as well. simply unacceptable.

been waiting for 3 months now for steem payout from eth contract, been missing around 30 eth contrct payouts and been waiting almost a mnonth no reply yet they are so worried about adding more sha 256 i think genesis is turning slowly to a scam and this pre order on hash power proves it

seems like its the loyal shills like ZetaOS that get the payouts and some more and the rest get hung in a tree..forgotten. they don't even bother to answer on here anymore.

Ya seams to me they only care about people that bring massive referrals and buying tons of th/s now

I do not know the amounts of the contract talked about here. I purchaged a small xmr contract (around 160 dollar) and no payouts, after a few weeks i recieved 0,5 xmr. Then i looked closer in the dashboard. All daily payouts were registrated and they give the notice that payout to the given adress will only be done if the amount is above the 0,4 xmr mined.

How about his:Remember the two variables: Bitcoin Price and Bitcoin Difficulty, buying a contract you counting on the bitcoin price will rise the same or more as the bitcoin mining difficulty.This Difficulty rise can overtake the bitcoin-price growth overtime.

Is this more clear?

If you decide between mining and holding, you need to calculate in Bitcoins, not dollars. So if you invest 1 Bitcoin, days-to-ROI is when you recover this 1 Bitcoin back. The price is only relevant when you calculate maintenance costs.

Roger, I think you're missing the point entirely of what ZetaOS is trying to say.

He's not advising against buying mining contracts, he's saying that when buying contracts, consider both the ROI rewards (i.e. the cost of the contract vs the time it will take for you to get your investment back) and the difficulty factor (i.e. the time it will take to hash a block and earn a reward). I dare say all ROI calculators base their results on current hash-rates and difficulty – for them, they can't predict where the hash difficulty of any coin will be two years from now, because you can't predict how much hash-power will be invested in any single mining effort or whether that hash-power gets reassigned to other less difficult and more 'profitable' coins.

At some point, the difficulty in Bitcoin mining will be such that even at 10k$ a coin, it will no longer be profitable to mine anymore because the difficulty has risen to the point that it then causes any future earnings to be entirely consumed by the liabilities (service & maintenance fees) expended to mine the coin.

—————

There is nothing inherently contradictory in both holding Bitcoin as a long-term investment (in the hopes that the price will continue to rise) and mining it (which only serves to increase your holdings in that investment).

Unfortunately -although I have several accounts- I'm not so sure anymore it's a real deal. Many missing payments, not responding on tickets (or very, very late), I'm going to think they are slowly turning into scam...

Unfortunately -although I have several accounts- I'm not so sure anymore it's a real deal. Many missing payments, not responding on tickets (or very, very late), I'm going to think they are slowly turning into scam...

This is true that they have delayed tickets and it is taking forever unfortunately (I have a video about it on my channel as well).Nevertheless i think it is way too early to call them a scam.

The only contract I promote is open ended BTC contract which is out of stock at the moment.As you see I am not looking only for referrals but of course I will appreciate if someone will use it.

In my case I already triple my initial investment so I am very happy about the service they provide.

If interested you can check out my youtube channel to find some fresh info (some of the videos contain additional info from VIP assistance service).Also I did explain some more in this topic: https://bitcointalk.org/index.php?topic=1185909.580 starting from page number 30 up to the 33 at the moment.

Unfortunately -although I have several accounts- I'm not so sure anymore it's a real deal. Many missing payments, not responding on tickets (or very, very late), I'm going to think they are slowly turning into scam...

I no longer get payouts on eth from GM but I do hasn't paid same amount hash power.